affordable bankruptcy Los Angeles

Can Taxes Owed To IRS Be Discharged In Chapter 7 Bankruptcy?

Call: 888-297-6203 Bankruptcy filing is a tough but necessary decision, especially if you struggle with a huge debt. Loss of a job, sudden medical expenses, or a messy divorce can lead to an unexpected monetary crunch. If you are facing difficulty in managing finances and have creditors hounding you, seeking consultation from a bankruptcy attorney is advised. One of the major concerns is whether taxes owed to IRS can be discharged on bankruptcy filing? For this, you need to fulfill certain conditions. The 3-year rule: As per Bankruptcy Code 507(a)(8)(A)(i), taxes become due on April 15 of the [...]

2023-06-27T07:28:49+00:00
Read More

Chapter 7 Bankruptcy Filing Process

Call: 888-297-6203 The complete process of filing for chapter 7 bankruptcy takes about 3 to 4 months. Before going forward, the first thing you need to do is determine whether chapter 7 is the right option for you. 1) Evaluate your debt You need to see the kind of debts you have. You need to see if your debts are dischargeable or non-dischargeable. In the case of non-dischargeable debts, chapter 7 is not the best option. 2) Probability of a property loss When applying in Chapter 7, there is a potential to lose property too. The trustee, to [...]

2023-05-19T07:22:38+00:00
Read More

The Reality Of Bankruptcy

Call: 888-297-6203 Filing for bankruptcy is time taking process that will require a lot of hard work from your side too but it might be the best solution for you if you have a lot of debt and want to start a new fresh life. Some of the benefits of filing for bankruptcy are- It stops collection efforts or harassment of the creditors. It stops debt lawsuits from creditors. Stopping Wage garnishment (your creditor taking payments directly from your paycheck) Stops foreclosure if your property is not yet sold. It also stops repossessions of some property( in chapter [...]

2023-05-29T12:50:46+00:00
Read More

Bankruptcy And Discrimination- What You Need To Know

Call: 888-297-6203 Federal law is clear on discrimination against people who are in debt whether it be government or private agencies. It is illegal for the government and private agencies to discriminate against people who- Was/is in debt Cannot pay the debt before or during a bankruptcy case. Got their debts discharged during the case. History in bankruptcy discrimination. The US constitution grants the federal government the power to set bankruptcy laws and it is uniform in all 50 states. Bankruptcy is a national matter, so any case can come up in the US supreme court as well. [...]

2023-05-29T13:21:46+00:00
Read More

What Do You Mean By Bankruptcy And All That You Need To Know About It?

Call: 888-297-6203 Bankruptcy is when you file a case in federal court to help you or your business to get rid of your debt and repay your creditors. There are 2 basic types- Liquidation/ chapter 7 Reorganization/ chapter 11/ chapter 12/ chapter 13 Among these two, the most commonly filed are chapter 7 also known as liquidation where you may have to sell almost all your assets to repay your debts, and chapter 13 also known as reorganization where you are allowed to keep your assets in return for you repaying most or all of the debts within [...]

2023-06-27T07:17:41+00:00
Read More

The Fate Of Student Loans In Personal Bankruptcy

Call: 888-297-6203 Most students who wish to have a flourishing career often end up with huge student debt, irrespective of their job prospects. Unfortunately, in most circumstances, many people end up with either no hob or a job that does not pay well. As a result, paying off the student loan becomes difficult, leading to the individual incurring more debts. Filing for bankruptcy might be a way out if you are struggling with finances. While student loans are nondischargeable, filing for bankruptcy might help reduce the payment or, in exceptional cases, wipe it off completely. Getting rid of [...]

2023-06-29T04:17:27+00:00
Read More

What Will Happen To Credit Card Debt In Chapter 7 Bankruptcy?

Call: 888-297-6203 Credit cards are often used by everyone, it may be because it has several benefits that come with them and when you have the money you pay it off. Sudden unemployment or pandemic like Covid 19 can make you use your card for necessities and can’t even pay for it. This has a solution, if you qualify to apply for chapter 7 bankruptcy, then your credit card debts can easily be discharged. There are 2 types of credit card accounts and bankruptcy affects each differently- Unsecured credit account- the majority of credit cards and departmental store [...]

2023-05-29T12:29:45+00:00
Read More

Benefits You Will Get If You File Under Chapter 13 Bankruptcy

Call: 888-297-6203 First, what is chapter 13 bankruptcy? Chapter 13 is a reorganization debt, here you will have to pay all your debts in the way the court plans a repayment. It goes on for 3 – 5 years and helps you keep all your assets. To be allowed to file under this you must have a regular income. Discharges your unsecured debts- When filing under chapter 13 bankruptcy, most of your unsecured debts are discharged. Some of the examples of unsecured debts are credit cards, medical bills, payday loans, signature loans, and personal loans. While paying off [...]

2023-05-19T07:17:36+00:00
Read More

What Are Nondischargeable Debts?

Call: 888-297-6203 If you have been struggling with huge debts, especially medical bills, credit card balance, or personal loans, filing for bankruptcy is excellent. However, bankruptcy cannot help you get rid of all your debts. Some debts survive bankruptcy and are therefore known as nondischargeable debts. Here is a list of debts that will not be discharged even after bankruptcy: Debts incurred after bankruptcy filing – Any debt you incur after filing your bankruptcy petition while your bankruptcy case is pending cannot be discharged. You continue to remain liable for them, even after your bankruptcy discharge. Secured loans [...]

2023-03-30T10:01:27+00:00
Read More

Will You Have To Include Your Corporate Credit Card When Filing For Bankruptcy?

Call: 888-297-6203 One of the major reasons to file for bankruptcy is credit card debts and it is understandable if you don’t want your employer to know about it. It all depends on the type of account you have and the employer’s policies. Types of corporate credit card accounts- If it is for travel expenses or for buying supplies then it might be one of these An authorized user account An obligor account.  The type of account will help you to know whether or not you should keep using it and if you should list it on the [...]

2023-05-19T07:33:41+00:00
Read More
Load More Posts

Recovery Law Group Logo

888-297-6203

Headquarters

309 W 11th Street,
Anderson, IN 46016
310-997-0471
Clients:
customerservice@recoverylawgroup.com
Attorneys / Trustees and Court Officials:
Info@recoverylawgroup.com

PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.